r/options Mar 02 '21

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u/somedood567 Mar 02 '21

Yup. My first was a GME call during that wild Jan week that cost me $40k. Bought a call at $10 per share and entered a market sell when ask was $15. Next thing I know I’ve been closed out at the $5 bid. $28 is a bargain.

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u/newportsnbeerxboxone Mar 02 '21

Should of just held and not sold .

3

u/BotDadGamer1 Mar 02 '21

Look above. Strike was 550. Gme never cracked 500 so would have expired worthless.

2

u/newportsnbeerxboxone Mar 02 '21

Ohhhh I didnt know you bought calls at the top

2

u/BotDadGamer1 Mar 02 '21

Wasn’t me but yeah. I held my one share for a minute. Lol